i have a discussion board that was actually due yesterday can someone help
Do you need academic writing help with your homework? Let us write your papers.
Order a Similar Paper
Order a Different Paper
They question is “Suppose you have two student loans:
- $15,000 with an APR of 8% for 15 years
- $10,000 with an APR of 9.5% for 20 years
- Calculate the monthly payment for each loan individually.
- How much do you pay each month? How long do you have to pay that monthly amount?
- Over the course of each loan, how much total do you pay? How much of that is interest? How much interest will you pay in total?
You have the opportunity to consolidate these 2 loans into a single loan with an APR of 8% and a term of 12 years.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper Now- What will be your monthly payment if you consolidate?
- How does that payment compare with what you are paying on the two loans individually? Does this result make sense to you? Why or why not?
- What will your total payments be over the life of the loan? How much of that is interest?
- What are the pros and cons of doing this consolidation?
I will leave the instructions for the discussion board in a pdf below please let me know if you can do it thanks.